Social contributions in Euro area
Euro area: Social contributions was 31.6% in 2024. ▼ Falling
Social contributions in Euro area, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Euro area recorded 31.6% for social contributions in 2024.
That represents a change of down 0.3% on the previous year and down 2.7% over ten years.
Over the whole period, social contributions in Euro area peaked at 37.3% in 1987 and was at its lowest, 27.4%, in 1990.
That places Euro area 2nd out of 22 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 52 years of available data.
Social contributions in Euro area, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1973 | 36.5% | — |
| 1974 | 37.0% | +1.5% |
| 1975 | 34.8% | -6.1% |
| 1976 | 34.4% | -1.2% |
| 1977 | 34.3% | -0.2% |
| 1978 | 34.7% | +1.2% |
| 1979 | 34.8% | +0.2% |
| 1980 | 34.3% | -1.5% |
| 1981 | 34.6% | +0.8% |
| 1982 | 34.6% | +0.1% |
| 1983 | 33.9% | -2.0% |
| 1984 | 34.1% | +0.7% |
| 1985 | 35.3% | +3.3% |
| 1986 | 37.1% | +5.3% |
| 1987 | 37.3% | +0.4% |
| 1988 | 32.8% | -12.0% |
| 1989 | 33.6% | +2.4% |
| 1990 | 27.4% | -18.3% |
| 1991 | 36.1% | +31.5% |
| 1992 | 36.5% | +1.0% |
| 1993 | 36.6% | +0.2% |
| 1994 | 34.4% | -5.8% |
| 1995 | 33.7% | -2.3% |
| 1996 | 33.7% | +0.1% |
| 1997 | 33.8% | +0.3% |
| 1998 | 31.3% | -7.3% |
| 1999 | 33.0% | +5.5% |
| 2000 | 33.1% | +0.1% |
| 2001 | 32.0% | -3.2% |
| 2002 | 32.5% | +1.6% |
| 2003 | 33.1% | +1.7% |
| 2004 | 32.3% | -2.4% |
| 2005 | 32.3% | -0.1% |
| 2006 | 31.9% | -1.2% |
| 2007 | 31.7% | -0.7% |
| 2008 | 32.4% | +2.1% |
| 2009 | 33.7% | +4.0% |
| 2010 | 33.8% | +0.4% |
| 2011 | 33.7% | -0.3% |
| 2012 | 32.9% | -2.3% |
| 2013 | 32.6% | -0.8% |
| 2014 | 32.5% | -0.6% |
| 2015 | 32.4% | -0.2% |
| 2016 | 32.9% | +1.5% |
| 2017 | 32.3% | -1.8% |
| 2018 | 32.8% | +1.6% |
| 2019 | 32.4% | -1.4% |
| 2020 | 33.1% | +2.2% |
| 2021 | 32.5% | -1.9% |
| 2022 | 32.0% | -1.4% |
| 2023 | 31.7% | -1.0% |
| 2024 | 31.6% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35.2% | 34.3% | 37.0% | 7 |
| 1980s | 34.8% | 32.8% | 37.3% | 10 |
| 1990s | 33.6% | 27.4% | 36.6% | 10 |
| 2000s | 32.5% | 31.7% | 33.7% | 10 |
| 2010s | 32.8% | 32.3% | 33.8% | 10 |
| 2020s | 32.2% | 31.6% | 33.1% | 5 |
Countries ranked near Euro area
More public sector data for Euro area
- Arms imports 3.29 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 9.21 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 41.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.29 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 806.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 16.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 288.53 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 819.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is social contributions in Euro area?
- Social contributions in Euro area was 31.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Euro area?
- The highest recorded value was 37.3% in 1987.
- What is the lowest social contributions recorded in Euro area?
- The lowest recorded value was 27.4% in 1990.
- How does Euro area rank for social contributions?
- Euro area ranks 2nd out of 22 groups with data for 2024.
- Is social contributions rising or falling in Euro area?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is falling.
- Where does this Euro area data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Social contributions (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.